Royal Capital Wealth Management LLC acquired a new stake in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,892 shares of the auto manufacturer’s stock, valued at approximately $454,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of General Motors during the 2nd quarter worth $5,958,995,000. Franklin Resources Inc. raised its holdings in shares of General Motors by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock valued at $2,615,121,000 after purchasing an additional 835,645 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of General Motors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock worth $1,802,668,000 after purchasing an additional 267,477 shares during the period. Capital World Investors boosted its stake in shares of General Motors by 7.8% during the fourth quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock valued at $1,588,688,000 after purchasing an additional 1,405,530 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in General Motors by 5.5% during the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after buying an additional 748,831 shares during the period. 92.67% of the stock is currently owned by institutional investors.
General Motors Stock Down 1.1%
GM stock opened at $86.97 on Tuesday. The company has a market capitalization of $76.31 billion, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30. General Motors Company has a 12 month low of $54.33 and a 12 month high of $91.85. The firm’s fifty day simple moving average is $82.07 and its 200-day simple moving average is $79.55. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97.
General Motors Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a $0.18 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s dividend payout ratio is presently 36.36%.
Insider Activity
In other news, EVP Rory Harvey sold 8,882 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $86.95, for a total transaction of $772,289.90. Following the sale, the executive vice president owned 28,513 shares of the company’s stock, valued at $2,479,205.35. This trade represents a 23.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark L. Reuss sold 71,079 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the transaction, the president owned 92,293 shares of the company’s stock, valued at approximately $8,303,601.21. This represents a 43.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,026,010 shares of company stock valued at $89,080,261 over the last 90 days. Company insiders own 0.44% of the company’s stock.
General Motors News Roundup
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM and Unifor reached tentative agreements that include pay increases, reducing the risk of a labor disruption at Canadian operations. However, higher wages could increase manufacturing costs. GM, Unifor reach tentative agreements with pay hikes
- Positive Sentiment: GM’s purchasing facility of up to $4.5 billion with Procura Auto Parts is intended to secure critical components during future supply-chain disruptions, potentially improving production resilience. GM spends $4.5 billion on chips
- Neutral Sentiment: GM launched a Stars, Stripes, and Skilled Trades initiative supporting veterans and military families. The program may strengthen recruiting and corporate branding but is unlikely to materially affect near-term earnings. General Motors launches Stars, Stripes, and Skilled Trades initiative
- Neutral Sentiment: Reports that GM is considering a Chevrolet Volt successor highlight a possible response to stronger plug-in hybrid demand, but the product’s timing, investment and profitability remain uncertain. As Toyota RAV4 Plug-In Surges, GM Eyes a Chevy Volt Sequel
- Negative Sentiment: NHTSA expanded its investigation into GM’s eBoost electronic braking system to more than 1.1 million vehicles following hundreds of reports, more than 20 crashes or fires and at least six injuries. Potential recalls, repairs, litigation and reputational damage are key risks, including for some GM EVs built with Honda. GM vehicles under federal scrutiny after hundreds of reports
- Negative Sentiment: The U.S. decision to impose 50% tariffs on Canadian auto imports, following a breakdown in trade talks, could raise GM’s parts and vehicle costs because of its integrated North American supply chain and pressure margins. Trump wants to protect U.S. auto makers
- Negative Sentiment: NHTSA is also examining reports that fixes for GM’s 6.2-liter L87 V8 recall may not have prevented additional engine failures, increasing possible warranty and recall liabilities. GM’s 6.2L V8 recall fix may not have worked
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. The Goldman Sachs Group lifted their price objective on shares of General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada raised their target price on shares of General Motors from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Piper Sandler reissued an “overweight” rating and issued a $102.00 price objective on shares of General Motors in a research report on Wednesday, April 29th. Finally, Citigroup raised their price target on General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $101.41.
Read Our Latest Analysis on GM
General Motors Profile
General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.
GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.
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